ASSIGNMENT OF CONTRACT
Agreement made this 20th day of December, 2002, between Lutheran Brotherhood Research Corp., a Minnesota corporation ("Assignor"),
and Thrivent Investment Management Inc, a Delaware corporation ("Assignee").
WHEREAS, Lutheran Brotherhood merged with and into Aid Association for Lutherans on January 1, 2002, which changed
its name to Thrivent Financial for Lutherans on May 21, 2002 ("Thrivent Financial"); and
WHEREAS, Assignor and Assignee are both wholly-owned indirect subsidiaries of Thrivent Financial and registered with
the Securities and Exchange Commission as investment advisers under the Investment Advisers Act of 1940; and
WHEREAS, Assignor is the investment adviser to The Lutheran Brotherhood Family of Funds (the "LB Funds") pursuant to
that certain Master Advisory Contract dated as of November 1, 1993, between Assignor and the LB Funds, as amended (the "Advisory
Contract"); and
WHEREAS, subject to the terms hereof, Assignor desires to assign to, and Assignee desires to accept assignment of, the
Advisory Contract.
NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, the
parties to this Assignment agree as follows:
1. Assignment. Assignor hereby assigns to Assignee, and Assignee hereby accepts the assignment to it of the Advisory
Agreement, together with any of the following assets of Assignor which Assignee, in its sole discretion, deems necessary
or useful in performing its duties and obligations under the Advisory Agreement:
a. All equipment leases and licenses in the name of Assignor;
b. All rights granted under contracts in the name of Assignor, including without limitation, subadvisory
agreements, accounts and agreements with brokerage firms and research vendors;
c. All books and records required to be prepared and maintained pursuant to the Investment Advisers Act of 1040
and rules and regulations thereunder; and
d. Other assets related to or used in Assignor's investment advisory operations that are not otherwise listed
above.
2. Assignor's Warranty. Assignor warrants that as of the date hereof there has been no breach of the Advisory Agreement
by any of the parties thereto and that Assignor is in full compliance with all the terms and conditions of the Advisory
Agreement and that Assignor has not assigned or encumbered all or any part of Assignor's rights under the Advisory
Agreement.
3. Assignee's Covenants. Assignee agrees to perform all duties and obligations to be performed by Assignor under the
Advisory Agreement to the same extent as if Assignee had been an original party thereto, and will save harmless and
keep indemnified the Assignor against all claims, demands, and actions by reason of the failure of the Assignee to so
perform thereunder.
4. Effective Date. This Assignment shall be effective as of January 1, 2003, or such later date as may be mutually agreed
upon by the parties hereto; provided, however, that this Agreement shall in no circumstance become effective without
the prior the consent of the Board of Trustees of The LB Funds.
5. Miscellaneous.
a. Partial Month. In the event the Effective Date does not fall on the first day of a calendar month, Assignor
and Assignee shall split the fee for such month in the manner in which fees accrue under the Advisory Contract.
b. Registration. As soon as practicable, Assignor will file a Form ADVW with the SEC to terminate its
registration as an investment adviser.
d. Other Agreements. The parties shall execute such further instruments as may be required to give effect to
assignment accomplished hereby.
The parties have executed this Agreement as of the date and year first written above.
LUTHERAN BROTHERHOOD RESEARCH CORP.
By /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: President
THRIVENT INVESTMENT MANAGEMENT INC.
By /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: President